@dividedshark7511
As a rocket scientist, the biggest thing holding me back is I see people waste so much money on stupid things like donating to streamers that are richer than they will ever be and I think to myself, “there’s no way I can start a business and sell something. Nobody would be stupid enough to waste their money on this, because I wouldn’t even buy this.” And yet, people love to spend not only all their money, but other people’s money. And the “dumb” people realize that. They realize that we as a society are a bunch of idiots that buy stupid things on purpose, regardless if it puts the consumer into financial ruin. As long as capitalism exists, there will always be propaganda to keep the cycle going.
@wpelfeta
I think it's confidence. It's not that dumb people earn more. It's confident people earn more whether you're dumb or smart.
@maryammohamed5150
Toxic shame underlies a lot of what stops "smart people". Failing is distressing. If you were "smart", and didn't fail often, you didn't build tolerance to that distress. Since you can't tolerate it, shame rescues you from trying and ever facing that distress. If you were in an oppressive environment and you had to be "smart" to survive (home, school, etc), your body will stop you from taking risks through the mechanism of shame. Nothing short of perfection is safe. It also gives you the skill of hypervigilance, where you become obsessed with the reactions of others because that is what kept you safe. When you're asking yourself to take risks, you're going against hard-wired survival instincts. So, the solution is not just reading self-help books and forcing yourself to think differently, you have to question your inherent worldview underneath it all. Do your brain and body truly believe you will be okay if you venture out in a cruel, distressing, unforgiving world? [To my fellow Muslims, this is part of what "Tawakkul" tries to fundamentally address]
@cearangraham4560
I got an engineering degree then went and worked in a paper factory on the floor because of a recession. I would be staring at all the levers and adjustment wheels on the machines worried I would screw something up. I asked one of the top machinists there what every one of them did, he laughs, slaps me on the back and goes "you're over thinking it son. No one knows what they all do we turn it and watch the outcome and if it's bad turn it back and try another one". Lesson learnt. Think less. Try everything and learn from mistakes.
@TheXone7
1. Risk taking without thinking 2. Arrogance 3. Narcissism
@YourMoneyAmigo
There are some celebs that are very dumb but are very hard working and have a smart team around them to make them rich. A person team plays a huge part
@biasedknowledge
This taps into something economists call "returns to boldness." A fascinating study out of MIT found that entrepreneurs who acted early with imperfect plans outperformed those who waited for the ideal moment. Sometimes speed plus nerve beats precision every time.
@kemzkemz868
that fear of looking stupid is SO real, even growing up as an average kid. 😫
@lindokuhleshandu4024
Basically, smart people are thinkers and dumb people are doers.
@Americano_Latte
Thanks
@chriskennedy2524
When you analyze rich people's back story, you'll find that 90% of the time they have wealthy connections. Research the top actors, finance and politicians. They all have rich relatives/spouses . Going back generations
@CaToRi-
The smart kid doesn’t want to disappoint the family and friends doing mistakes.
@soberhippie
The problem with that mountain climbing analogy is that there will be a few smart people and thousands of dumb people at the bottom at the start, but there will be one dumb person at the top and thousands of dead dumb people around the bottom of the mountain at the end, with the smart people still climbing. "They will slip a few times" means that each slip will end in a fatality. My point is — don't forget the survivors bias
@Ogham
There's a difference between Richard Branson type intelligence and academic intelligence too. Systemic vs thinking outside the box. Equating that with dumb is kinda short sighted, perhaps even a bit dumb?
@joonlee7884
"Don’t convince yourself you’re smarter than you are.” no matter what youre doing, if you keep going, you will get better and being good at something will make you money. Most people will think its not worth it or second guess themselves before they start making real money with what they are doing. If you dont stop, you will eventually get there. And dumb people actually believe in their dreams which is why they are more likely to achieve it. The quote is by alex hormozi btw.
@eriction84
Rich Dad Poor Dad really goes over this in great detail.
@philippniemann8842
Perfectionism is actually a low tolerance for frustration
@chika.victor
This video hit harder than I expected. The part about smart people overthinking risk really exposed a mindset trap I’ve been stuck in for years. I just made a commentary video on this topic, gauging the realities of your points and how it actually applies to a "SMART" person in real life.. Appreciate the wake-up call, Vincent.
@samuelschonenberger
You forgot the single most important factor in becoming rich: Having rich parents. And that is something where intelligence does not matter
@VincentChan